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Korean Job Discussion Forums
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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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 Posted: Sat Feb 11, 2006 3:15 am Post subject: |
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| poet13 wrote: |
| I think civil servants (at least in my city) receive a bonus every five months equal to their salary for that five months.... have to wonder though what the tax hit is on that.... |
May 15 is Teacher's Day in South Korea, and to honor their teachers, students will be bring them flowers, write compositions in appreciation of them, and even participate in sports competitions with them. Parents also often give gifts or gratuities to the teacher. According to an article in the Nishinippon Shimbun, surveys indicate that parents spend a minimum of 100,000 won on these gifts (roughly US$100.00), while cash presents can go as high as 3 million won (roughly US$3,000). Instead of cash, reports the paper, it is not unusual for teachers to receive gift certificates, gold bracelets, Western liquor, foreign cosmetics, or nutritional supplements.
Giving Gifts for Teachers Day
Polishing the apple, Japundit (May 15, 2005)
http://japundit.com/archives/2005/05/15/polishing-the-apple/
Banks set to pay huge bonuses
Korean banks are in the spirit of giving these days, with their employees looking forward to hefty bonuses as the year wraps up. Industry analysts said Kookmin Bank, the nation's largest lender, is considering giving its 25,000 or so employees a bonus equal to two and a half times each worker's monthly salary.
by Kim Dong-ho, JoongAng Daily
http://joongangdaily.joins.com/200512/13/200512132241379009900090509052.html
Firms opting for gifts as Chuseok bonuses
http://joongangdaily.joins.com/200508/31/200508312311282279900090509051.html
Office workers pin hopes on digital gifts at Chuseok
Digital appliances are the Chuseok gifts Korean office workers most wish to receive from their employers. In a recent survey conducted by ERI Co., an agency that puts together group gifts for companies, 32 percent of corporate gift buyers said that their workers wanted a digital camera as a gift for the Chuseok holiday next month....
by Choi Ji-young, JoongAng Daily
http://joongangdaily.joins.com/200408/23/200408232316546239900090509051.html |
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Mr. Pink
Joined: 21 Oct 2003
Location: China
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| Posted: Sat Feb 11, 2006 5:20 pm Post subject: |
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| Real Reality wrote: |
| poet13 wrote: |
| I think civil servants (at least in my city) receive a bonus every five months equal to their salary for that five months.... have to wonder though what the tax hit is on that.... |
May 15 is Teacher's Day in South Korea, and to honor their teachers, students will be bring them flowers, write compositions in appreciation of them, and even participate in sports competitions with them. Parents also often give gifts or gratuities to the teacher. According to an article in the Nishinippon Shimbun, surveys indicate that parents spend a minimum of 100,000 won on these gifts (roughly US$100.00), while cash presents can go as high as 3 million won (roughly US$3,000). Instead of cash, reports the paper, it is not unusual for teachers to receive gift certificates, gold bracelets, Western liquor, foreign cosmetics, or nutritional supplements.
Giving Gifts for Teachers Day
Polishing the apple, Japundit (May 15, 2005)
http://japundit.com/archives/2005/05/15/polishing-the-apple/
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Don't believe everything you read in the paper. Considering the source, I don't know why you even bothered posting it.
I got way better gifts on Teacher's Day when I worked in a hawgwon. Working in a high school, only homeroom teachers get gifts and the class pools cash together to buy them something. So yeah if 40 kids pump in 10k won, the teacher might score a 400k gift. What you don't realize is homeroom teachers have to work a lot more than regular teachers. A 400k gift probably doesn't come close to covering how much unpaid work the homeroom teacher had to do.
You do know it is ILLEGAL for parents to give teacher's cash, and if caught the school, principal, and teacher's involved have to pay heavy fines. |
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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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| Posted: Wed Mar 01, 2006 4:40 am Post subject: |
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Salaried Workers Earn Average W33.54 Million
Salaried workers received 33.54 million won on average in 2004, an 8.2 percent increase from the previous year.... The top 10 percent of salaried workers were paid 79.24 million won on average in 2004, and paid 8.23 million won as labor income tax.
By Yoon Ja-young, Korea Times (March 1, 2006)
http://times.hankooki.com/lpage/biz/200603/kt2006030118523011890.htm |
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the_beaver
Joined: 15 Jan 2003
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| Posted: Wed Mar 01, 2006 4:50 am Post subject: |
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| RR, what exactly are you driving at? |
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Homer
Guest
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| Posted: Wed Mar 01, 2006 5:06 am Post subject: |
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He is driving towards the cliff's edge.
Or
He is searching for somesort of link between his salary and the pay scale of nuclear scientists in the US. Then comparing the two and asking why his salary is not on par with them. |
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the_beaver
Joined: 15 Jan 2003
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| Posted: Wed Mar 01, 2006 5:12 am Post subject: |
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| Homer wrote: |
| He is searching for somesort of link between his salary and the pay scale of nuclear scientists in the US. Then comparing the two and asking why his salary is not on par with them. |
That's what I thought. |
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